Trabalho de Conclusão de Curso de Graduação
Determinantes do investimento privado no Brasil: 2000 - 2020
Fecha
2022-12-08Autor
Souza, Iris de Lima
Institución
Resumen
This paper presents a study on the determinants of private investment in Brazil between 2000
and 2020, with the aim of demonstrating the main characteristics and variables for determining
investment. Through this, we initially seek to present what the Neoclassical, Keynesian and
Kaleckian economic schools of thought discuss about the referred topic. Further on, the review
of the empirical literature brings a synthesis of five articles, with different econometric
applications, but which converge in the formulation of an equation that allows the
understanding of the factors. From this, the multiple regression methodology was used, with
analysis of heteroscedasticity, multicollinearity and the respective significance levels of each
estimator. The dependent variable is private investment and the explanatory variables are public
investment; inflation, interest rates and gross domestic product (GDP). The results show that
private investment in the Brazilian economy is positively influenced by GDP and inflation. So,
a one percent (1%) increase in GDP results in a 3.48% increase in private investment. As for
inflation, an increase of 1% raises private investment by around 0.075%. These are the main
considerations of the model.